RYU Apparel Adds Board Member
RYU Apparel, Inc. announced that Daphna Edwards Ziman has joined the RYU Board of Directors.
Mastercard Sees July Retail Sales Expand 11 Percent
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail spending, excluding automotive, increased 11.2 percent year-over-year in July, while retail sales, excluding automotive and gas, rose 9.0 percent.
Delta Apparel’s Q3 Sales Boosted By Salt Life
Delta Apparel, Inc. reported sales grew 7 percent in its fiscal 2022 third quarter ended July 2, 2022. Net sales in the Delta Group segment grew 3 percent while the Salt Life segment gained 30 percent.
Callaway Golf Lifts Outlook On Robust Double-Digit Q2 Growth
Callaway Golf Company raised its outlook for earnings and sales for the year after reporting second-quarter earnings that topped Wall Street estimates. Sales in the second quarter jumped 22.1 percent, led by Topgolf and its Active Lifestyle segment TravisMathew and Jack Wolfskin.
Gildan Activewear Crushes Analyst Expectations In Second Quarter
Gildan Activewear Inc. reported sales grew 20 percent in the second quarter as activewear sales growth of 27 percent offset an 8 percent decline in underwear and hosiery. Both sales and earnings easily eclipsed Wall Street’s consensus estimates.
Acushnet Raises 2022 Sales Outlook On Robust Second Quarter
Acushnet Holdings Corp. reported second-quarter sales and earnings both easily surpassed Wall Street estimates. The parent of Titleist and Footjoy raised its outlook for sales for the full year while maintaining its profit guidance. David Maher, CEO, said, “The company continues to build momentum.”
Duluth Holdings Appoints SVP, Chief Technology Officer & Logistics
Duluth Holdings Inc., doing business as Duluth Trading Company, announced that AJ Sutera had been appointed senior vice president, chief technology officer and logistics, effective August 15, 2022.
Adidas’ Currency-Neutral Sales Climb 4 Percent In Second Quarter
Adidas AG reported second-quarter results that were somewhat ahead of expectations reflecting continued strong momentum in Western markets and a return to growth in Asia-Pacific. However, a slower-than-expected recovery in Greater China led to a significant reduction in guidance for the year. Results were in line with preliminary results issued on July 26.
Neiman Marcus Appoints President
Neiman Marcus Group announced that Ryan Ross accepted the position as president of Neiman Marcus, effective August 15, reporting to Geoffroy van Raemdonck, CEO, Neiman Marcus Group.
Compass Diversified’s Q2 Sales Climb 19 Percent
Compass Diversified Holdings reported net sales growth of 19 percent in the second quarter drove record quarterly earnings. The conglomerate raised its full-year outlook given the continued strong performance and PrimaLoft acquisition. “The second quarter marks our sixth consecutive quarter of record financial performance, which is a continued testament to the strength of our management […]
JD Sports Appoints New CEO
JD Sports appointed Régis Schultz as its new CEO. Schultz was president of retail for Dubai-based Al-Futtaim Group since 2019.
Under Armour Lowers FY Earnings Guidance On Margin Contraction
Under Armour, Inc. reported first-quarter results that matched profit expectations and slightly topped on revenue. The company maintained its full-year revenue outlook but reduced its earnings outlook amid continued gross margin pressures. On an adjusted basis, EPS is expected in the range of 47-to-53 cents a share compared to the previous expectation of 63-to-68 cents.
Big 5’S Q2 Sales Drop Against Challenging Comparisons
Big 5 Sporting Goods Corp. reported same-store sales fell 22.3 percent in the second quarter ended July 3 against tough comparisons in the year-ago quarter. Sales were below company guidance but both earnings and sales surpassed any pre-pandemic second quarter.
Amazon Offers Same-Day Prime Delivery For Select Retail Chains
Amazon announced it’s adding a select group of brick-and-mortar retail brands to its same-day delivery service for Prime members from PacSun, Diesel and Superdry, as well as vitamin retailer GNC, in ten U.S. cities.
Pentland Brands Announces Director Of Creative
Pentland Brands, the owner of outdoor and lifestyle brands, including Speedo, Berghaus, Ellesse, Canterbury of New Zealand, Mitre, and Endura, hired Paisley Wright as its new creative director.
